Senior Manager, Business Controls Audit, SOX Compliance

Recruiter
State Street.
Location
Bangalore, India
Salary
Not disclosed
Posted
02 Aug 2022
Closes
22 Aug 2022
Ref
R-711437
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Responsibilities & Tasks

  • Lead/Manage enterprise-wide scoping of accounts and disclosures (includes both quantitative and qualitative considerations), SOX critical applications, spreadsheets and models, and third party service providers (e.g., SOC 1 reports)
  • Participate and lead in the discussions with process and control owners to assess inherent risks, identify controls and control gaps
  • Challenge, assess and detail test the design and operating effectiveness of key controls
  • Lead/Manage the design, documentation and testing the operating effectiveness of the key SOX controls
  • Support in the testing of controls on need basis/ as per requirements
  • Ensure that detailed work papers for the business process walk throughs and testing of controls are maintained by the team.
  • Good understanding of ITGC (Information Technology General Controls) and its impact on the audit.
  • Partner closely with Internal and External Audit to understand findings from testing performed
  • Review enterprise-wide issues / findings to determine those impacting SOX and, as applicable, perform control deficiency assessments to conclude on severity
  • Assist in the identification and risk assessment of issues and suggest control improvements to remediate exceptions identified; work with management to track issues to resolution
  • Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process
  • Provide updates to management as needed and support in preparing presentations to management.
  • Identify and drive transformation efforts to continue to enhance the functionality of the SOX Compliance Program by bringing in best practices and efficiency to the overall SOX program through automation of testing, analysis of key/ non key control, reduce duplicity of work
  • Engage key business partners to facilitate completion of assigned deliverables and explain results
  • Lead/Manage enterprise-wide scoping of accounts and disclosures (includes both quantitative and qualitative considerations), SOX critical applications, spreadsheets and models, and third party service providers (e.g., SOC 1 reports)
  • Participate and lead in the discussions with process and control owners to assess inherent risks, identify controls and control gaps
  • Challenge, assess and detail test the design and operating effectiveness of key controls
  • Lead/Manage the design, documentation and testing the operating effectiveness of the key SOX controls
  • Support in the testing of controls on need basis/ as per requirements
  • Ensure that detailed work papers for the business process walk throughs and testing of controls are maintained by the team.
  • Good understanding of ITGC (Information Technology General Controls) and its impact on the audit.
  • Partner closely with Internal and External Audit to understand findings from testing performed
  • Review enterprise-wide issues / findings to determine those impacting SOX and, as applicable, perform control deficiency assessments to conclude on severity
  • Assist in the identification and risk assessment of issues and suggest control improvements to remediate exceptions identified; work with management to track issues to resolution
  • Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process
  • Provide updates to management as needed and support in preparing presentations to management.
  • Identify and drive transformation efforts to continue to enhance the functionality of the SOX Compliance Program by bringing in best practices and efficiency to the overall SOX program through automation of testing, analysis of key/ non key control, reduce duplicity of work
  • Engage key business partners to facilitate completion of assigned deliverables and explain results
  • Cultivating relationships across the Finance organization with key constituency groups, such as Controllers, Operations, Treasury, Technology and Risk
  • Stay current on new technical literature applicable to the internal control process (e.g., PCAOB guidance, SEC, etc.)
  • Providing day to day coaching and guidance to teammates
  • Communicate and coordinate with external auditors regarding execution of the SOX program to ensure maximum reliance on our work

Education and Experience:

  • Bachelor’s Degree in Accounting, Chartered Accountant (CA) and/or Certified Public Accountant (CPA) 7-12 years of progressive auditing experience; preferably financial services and/or Big 4
  • Certified Internal Auditor (CIA) certification is a plus
  • Expert knowledge of banking products and services, especially loans, deposits, securities and derivatives
  • Good understanding of US GAAP, Sarbanes Oxley, and COSO, and PCAOB requirements.
  • Expert knowledge/ understanding of the internal control environment.

Skills/ Knowledge:

  • Strong team building, planning and project management skills driven by process improvements requirements.
  • Exposure to Program management is desired with effective time management
  • Must be proactive and goal oriented strategic thinker, with ability to identify creative solutions
  • Staying current with evolving industry and regulatory changes and analyzing impact to external reporting process and compliance.
  • Good Presentation, oral and written communication skills
  • Good analytical and critical thinking abilities; able to develop and convey a point of view
  • Strong interpersonal skills; ability to effectively challenge and influence
  • Strong attention to detail and accuracy
  • Ability to multi-task and take on a challenging workload and assignments

The above information on job description has been designed to indicate the general nature and level of work. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of an employee for this position.

For further information, and to apply, please visit our website via the “Apply” button below.

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